Jewellery retailer Bluestone has successfully secured Rs 900 crore in a pre-IPO funding round, raising its valuation to $970 million (approximately Rs 8,100 crore).This financing round positions the company for its upcoming initial public offering (IPO), with plans to file the draft red herring prospectus with the stock market regulator later this year.
The round saw participation from investors such as Peak XV Partners, Prosus, Steadview Capital, Think Investments, and Pratithi Investments, the family office of Infosys cofounder Kris Gopalakrishnan. Of the Rs 900 crore raised, Rs 600 crore is primary capital infusion, while the remaining Rs 300 crore came from secondary share sales.
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